The real estate transaction value in the real estate market in the Dominican Republic was modeled to stand at ************ U.S. dollars in 2024. Following a continuous upward trend, the real estate transaction value has risen by ************ U.S. dollars since 2017. Between 2024 and 2029, the real estate transaction value will rise by *********** U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Real Estate.

Discover the booming Dominican Republic construction market! With a CAGR exceeding 9.81% and a projected market size exceeding $74 million by 2033, this report analyzes market drivers, trends, and key players. Explore investment opportunities in residential, commercial, and infrastructure projects. Recent developments include: August 2023: Guyana signed a memorandum of understanding (MoU) with the Dominican Republic to explore the construction of a 50,000 barrel per day (bpd) refinery in Guyana. As per the terms of the agreement, the Dominican Republic Government could own at least a 51% stake in the refinery project., May 2023: The Dominican Republic’s PPP agency DGAPP launched the process to award construction and operation of the DOP 21.5 billion (USD 391 million) Ámbar divided highway. It will connect Santiago de los Caballeros and Puerto Plata on the north coast., March 2023: Grupo Estrella subsidiary Cemento PANAM plans to execute a 1.23 Mt/yr grinding plant project in the Dominican Republic. CNS News reported that China-based Sinoma Construction won a contract to deliver the project.. Key drivers for this market are: Increase in GDP contribution from Construction Industry, Increase in Number of Building Permits. Potential restraints include: Increase in GDP contribution from Construction Industry, Increase in Number of Building Permits. Notable trends are: Rise in commercial construction projects.